Transparency Market Research Report Added "Polymerase Chain Reaction Market" to its database.
Albany, NY -- (SBWIRE) -- 09/05/2017 -- According to a research report released by Transparency Market Research, the leading players in the global polymerase chain reaction (PCR) market in the recent past included Agilent Technologies, Thermo Fisher Scientific, and Roche Diagnostics. The market has been known to show a largely consolidated nature, with just the key global players holding over half the market's share in terms of value. The global polymerase chain reaction market is expected to reach US$9.6 bn, after expanding at a positive CAGR of 6.60% within a forecast period from 2014 to 2020. The market was calculated to have reached US$6.1 bn in 2013.
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North America Tops Demand Charts for PCR
From a regional perspective, the report states that North America has been the top location for demand and player involvement in the global polymerase chain reaction market. The total value held by North America in the global polymerase chain reaction market for 2013 was US$2.6 bn, and this hold is expected to remain strong over the coming years. Meanwhile, Asia Pacific is expected to show a surge in demand for PCR in the immediate future, thanks to improving economic state and evolving industry infrastructure.
On the basis of applications, the global polymerase chain reaction market was dominated by life sciences in 2013, with a total share of 48% of the market. Academics and organizations have been the leading end users in the market for the same period.
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Demand for Advanced Molecular Diagnostics Spurs PCR Players
"The key factor working in favor of the global polymerase chain reaction market at the moment, is the high volume of demand being generated through the increasing demand for advanced diagnostics in healthcare and medicine. More and more healthcare organizations are showing the need for advanced molecular diagnostic techniques that can be used to detect or diagnose diseases with a high level of accuracy," states a TMR analyst. The market is likely to continue being boosted by the increasing investments being made in research and development as well as the discovery of innovative techniques and technologies.
The global polymerase chain reaction market is also being propelled by the increasing volume of private investments being made in the interest of improving the scope of PCR-based drug discovery. PCR is also finding a greater deal of usability in the research and studies on genomics. The market is also being propelled by the growing rate of production and demand for customized medicine as well as the scope of automated medical devices.
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Bright Outlook for Global Polymerase Chain Reaction Market
Techniques based on PCR have given way for a higher degree of innovation in molecular diagnostics and research and development efforts in life sciences. Its key features such as absolute detection and accurate diagnosis have gone a long way to benefit studies in genetics. PCR techniques also impart a shorter turnaround time, adds the scope of automated workflow, and boosts overall productivity of a process. This enables the accurate detection and amplification of genetic materials that come with accurate results. The QX200 Droplet Digital PCR System provides a good example of the scope that the global polymerase chain reaction market can have. This system by Bio-Rad offers a wide spectrum of molecular diagnostic tests as well as improvements in workflow that can eventually help a client reduce process time and costs.
Global Polymerase Chain Reaction Market Report is available @ US$ 5795
The information presented in this review is based on a Transparency Market Research report, titled, "Polymerase Chain Reaction (PCR) Market (Products - Instruments, and Reagents and Consumables; End Users - Pharmaceutical and Biotech Industries, Clinical Diagnostics Laboratories, and Academics and Universities; and Applications - Clinical Diagnostics and Life Sciences) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020."
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